Circle Internet IPO Is Said to Be Multiple Times Oversubscribed

Circle Internet Group Inc.’s initial public offering has received orders for multiple times the shares available, according to a person familiar with the matter.

• Deal is seeing strong demand among long-only investors, a different person said, asking not to be identified as the information isn’t public
• A representative for Circle declined to comment
• Circle is offering 9.6 million Class A shares and selling shareholders are offering 14.4 million shares in the offering, according to a US Securities and Exchange Commission filing Tuesday
• READ MORE: Stablecoin Issuer Circle, Holders Seek $624 Million in IPO
• Deal is expected to price Wednesday ...